Economy, Energy
Nigeria froze import licenses in March. Then the Middle East war arrived. Nigeria is Africa’s largest crude oil producer. Between February 23 and March 16, it also recorded one of the sharpest petrol price increases in the world: nearly 40%. Qatar,...
Economy
Oil is above $100. Nigeria is pumping 500,000 barrels fewer per day than it planned. This is the oil paradox nobody is talking about clearly. OPEC’s reference basket averaged $102.58 per barrel this month. Nigeria’s 2026 budget was built on $64.85....
Economy
MTN’s $6.2bn IHS bid gives one company leverage over every network you use. MTN Group wants to fully acquire IHS Towers in a $6.2 billion all-cash deal. MTN already owns 24.7% of IHS. It wants the whole thing. Here’s why this is your problem. IHS...
Energy, Economy
NERC just found companies plugged into Nigeria’s national grid that it couldn’t properly see. The Nigerian Electricity Regulatory Commission issued Order NERC/2026/013 on March 9, giving all privately owned transmission substations connected to the...
Economy, Energy
Tinubu’s answer to ₦1,000 petrol arrives in two to three weeks. The crisis is already here. Petrol crossed ₦1,000 per litre. Transport fares moved the same week. One Abuja commercial driver raised his fare from ₦400 to ₦700 in a single week just to...
Economy
Four Nigerians made Forbes’ list. One of them owns the refinery that raised your pump price Forbes released its 2026 Africa Billionaires ranking yesterday. Four Nigerians: Dangote, Rabiu, Adenuga, Otedola. Worth $47.5 billion between them. Africa’s 23...